Courses

Surgent's The Most Critical Challenges in Not-for-Profit Accounting Today

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Member Price: $129.00 Non-Member Price: $189.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting (Governme: 4.00
Fields of Study:: Accounting (Governmental)
Level:: Update

Not-for-profit entities have recently applied critical new standards related to contributions of nonfinancial assets, leases, and more. Now is the time to know more than just what the standards say - we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the challenges in not-for-profit accounting.

Objective

Identify the critical changes occurring in not-for-profit accounting today
Skillfully implement today’s most challenging FASB standards affecting not-for-profits
More effectively audit not-for-profit entities through superior knowledge of key accounting issues

Highlights

Lessons learned (and lessons remaining) for the implementation of FASB ASC 842, Leases, and the new requirements related to contributions of nonfinancial assets in ASU No. 2020-07
Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, etc.)
Additional issues in not-for-profit financial reporting

Designed For

Not-for-profit industry professionals and auditors

Prerequisite

Knowledge of not-for-profit accounting

Advanced Preparation

None